Indiana Statutes

§ 27-15-14-3 — Approval of application; public hearing

Indiana·Title 27 INSURANCE·Art. 15 DEMUTUALIZATION OF MUTUAL INSURANCE·Ch. 14 Modified Conversion Requirements for Companies in
The commissioner shall approve the application and permit the conversion under a plan of conversion and an amendment to the articles of incorporation described in this chapter if the commissioner finds, following a public hearing, that the plan of conversion and the amendment to the articles of incorporation are in the best interests of the members and policyholders of the converting mutual, without regard to their membership interests.

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Legislative History

As added by P.L.94-1999, SEC.3.

Nearby Sections

15
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